Data Scientist

Capital One Group; Nottingham; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Pension scheme

Private medical insurance

Cycle to work scheme

Job summary

Capital One Group in Nottingham is seeking a Data Scientist focused on model development and statistics to build and maintain underwriting models and deliver actionable risk insights. You'll work with a collaborative data science team to apply robust statistical methods to real business problems.

This permanent role offers a hybrid pattern: 3 days in the office (Tue–Thu) and 2 days remote, with strong opportunities for learning, career progression, and exposure to Open Banking and Credit Bureau

Qualifications

• Strong grounding in probability, statistics, machine learning and feature extraction.
• Familiarity with Open Banking or Credit Bureau data.
• Experience producing reliable, maintainable Python code.
• Experience with Model Risk Management and documentation practices.
• Curiosity and proactive engagement with business areas to add data science value.
• Ability to communicate findings to a diverse business audience.
• Commitment to continuous learning and enterprise solutions.

Responsibilities

• Develop and maintain underwriting models and related statistical solutions.
• Explore data with advanced feature generation and categorisation techniques.
• Consult on statistical test design to tackle new market areas.
• Use coding and analytics to derive actionable insights and support cross-functional initiatives.

Skills

Statistics & ML

Feature extraction

Open Banking data

Python

Model Risk Management

Data analysis

Communication

Job description

Job Title

Data Scientist - Model Developer / Statistician

Location

Nottingham Trent House (95002), United Kingdom, Nottingham, Nottinghamshire

Hybrid Working Pattern

Nottingham - Hybrid Working Pattern: 3 days in-office (Tuesday-Thursday) and 2 days remote.

Our Mission

We're on a mission to be a force for good in lending. Throughout our almost 30-year history, we've consistently been recognised as a great place to work; in 2026, Capital One was officially ranked 9th in the UK's Best Workplaces™ list. Hear from our team about what's like working at Capital One UK.

About the Role

Our Data Science team focuses on the development of machine learning and AI solutions, to solve business problems and deliver actionable insights. We are a talented, collaborative and enthusiastic group, who use our expertise to make sense of complex data, working in close collaboration with our business partners. This role will primarily focus on critical business challenges in underwriting; developing and maintaining the models used to make customer lending decisions. We are interested in candidates who have a deep grounding in statistics and experience of Model Risk Management. Experience of working with Open Banking or Credit Bureau data is also welcomed.

What you'll do

• Develop and maintain the models used by our key underwriting programs
• Explore and evaluate data using advanced feature generation and categorisation techniques, in order to stay at the forefront of innovation
• Consult on complex statistical test design, to efficiently learn our way into new areas of the market
• Use a combination of business acumen, coding and statistical skills to navigate large amounts of data and extract actionable solutions, working cross-functionally to support key business initiatives and drive sustainable growth

What we're looking for

• A strong understanding of probability, statistics, machine learning, feature extraction and familiarity with large data set manipulation.
• Familiarity with Open Banking or Credit Bureau data.
• Experience in producing reliable and maintainable code in Python, with an ability to adapt to new languages and technologies.
• Experience of Model Risk Management; technical documentation, coding best practices, the importance of validation and ongoing monitoring.
• Natural curiosity and proactive engagement with all areas of the business, with a desire to ask questions, challenge the status-quo and identify where Data Science can add value.
• Ability to communicate findings to a diverse business focused audience, influencing others in both verbal and written form.
• A drive for continued learning through an internal and external focus, in order to develop enterprise and industry leading solutions.

Where and how you'll work

This is a permanent position based in our Nottingham office. We have a hybrid working model, so you'll be based in our office 3 days a week on Tuesdays, Wednesdays and Thursdays, and can work from home on Monday and Friday. Many of our associates have flexible working arrangements, and we're open to talking about an arrangement that works for you.

What's in it for you

• High performers strong and diverse career progression, investing heavily in developing great people through our Capital One University training programmes (and appropriate external providers)
• Immediate access to our core benefits including pension scheme, bonus, generous holiday entitlement and private medical insurance - with flexible benefits available including season-ticket loans, cycle to work scheme and enhanced parental leave
• Open-plan workspaces and accessible facilities designed to inspire and support you.
• Nottingham head-office has a fully-serviced gym, subsidised restaurant, mindfulness and music rooms.

What you should know about how we recruit

We pride ourselves on hiring the best people, not the same people. Building diverse and inclusive teams is the right thing to do and the smart thing to do. We want to work with top talent: whoever you are, whatever you look like, wherever you come from. We know it's about what you do, not just what you say. That's why we make our recruitment process fair and accessible. And we offer benefits that attract people at all ages and stages. We also partner with organisations including the Women in Finance and Race At Work Charters, Stonewall and upReach to find people from every walk of life and help them thrive with us.

Internal Networks and Support Groups

• REACH - Race Equality and Culture Heritage group focuses on representation, retention and engagement for associates from minority ethnic groups and allies
• OutFront - to provide LGBTQ+ support for all associates
• Mind Your Mind - signposting support and promoting positive mental wellbeing for all
• Women in Tech - promoting an inclusive environment in tech
• EmpowHER - network of female associates and allies focusing on developing future leaders, particularly for female talent in our industry

Capital One is committed to diversity in the workplace. If you require a reasonable adjustment, please contact [e-mail]. All information will be kept confidential and will only be used for the purpose of applying a reasonable adjustment. For technical support or questions about Capital One's recruiting process, please send an email to [e-mail].

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit.